"Tesla should announce and repurchase $5 billion in shares this year and $10 billion next year, without hurting existing cash reserves of $18 billion and 0% debt," KoGuan replied to Viecha's post. According to Reuters, the head of investor relations was unavailable for comment.
The investor stated in March that he was buying more shares than it was selling amid the company's fall. KoGuan stated in 2021 that he was investing billions of dollars in Tesla because he shared Musk's "great objective."
Last year, the billionaire became Tesla's third-largest private equity investor, with investments dating back to 2019. By the end of 2021, the investor claimed to have profited $7 billion on Musk's stock. KoGuan is ranked 474th in Forbes' global list of billionaires, with a worth of $5.3 billion as of May 19.
source: forbes.com
The investor stated in March that he was buying more shares than it was selling amid the company's fall. KoGuan stated in 2021 that he was investing billions of dollars in Tesla because he shared Musk's "great objective."
Last year, the billionaire became Tesla's third-largest private equity investor, with investments dating back to 2019. By the end of 2021, the investor claimed to have profited $7 billion on Musk's stock. KoGuan is ranked 474th in Forbes' global list of billionaires, with a worth of $5.3 billion as of May 19.
source: forbes.com